📈How to tune the settings
Learn how to tune Arcturus Algo settings.
How to tune the settings
This guide is about how to tune the settings and get a good backtest.
If you know what to adjust you will be able to create good strategies for almost any market and timeframe. Please read this guide and play around with the settings.
Let’s get into it
Optimize the backtest in the following order!
Overview
Read about some key features within the setting panel.
Read the ToolTips: Make sure that you read all the Tooltips to better understand how the settings work and how to tune them. Hover over the “i” and a textbox will appear.
Backtest Range: This is the time interval the backtest is based on. The default backtest range includes the maximum historical data that Tradingview provides. If you want to test the Bot on a custom range you can set the Start Date and End Date.
Entry Direction: By default, the Bot is set to look for both Long entries and Short entries. The best practice is to set the Bot to look for entries in the same direction as the overall market trend. Have you identified a strong bullish trend in higher timeframes make sure that Arcturus only takes long entires. If the market is in a strong negative trend make sure that the Bot only takes short entries. By adjusting this setting accordingly to the market trend you increase your edge.
Custom Session: The user can set a custom session where the Bot should execute trades. This feature can be used to make sure that the Bot doesn’t take any trades during night hours, or only taking trade during a preferred session.
Enable “Close the position when the session ends?” if you want to close the position when the sessions end regardless of an exit signal or not.
Step 1
The first setting to consider to change is “Precision/Confirmed Entries”
The first thing you can try to do is to select Confirmed Entries. Check how the backtest looks like now. When the confirmed entry is selected, an optimized value is chosen automatically.
The second thing to tune is to select Precision Entries. Use the Precision Sensitivity to adjust how sensitivity Arcturus should be to volatility. A high value returns fewer signals.
Step 2
The user can also add a price action Filter that sets the underlying trend.
You can Select Short-term or Long-term price action.
You can then try to change the Filter Sensitivity between 1-5. A lower value returns fewer signals (in most cases).
Step 3
The last step is to adjust:
Entry Direction: By default, the Bot is set to look for both Long entries and Short entries. The best practice is to set the Bot to look for entries in the same direction as the overall market trend. Have you identified a strong bullish trend in higher timeframes make sure that Arcturus only takes long entires. If the market is in a strong negative trend make sure that the Bot only takes short entries. By adjusting this setting accordingly to the market trend you increase your edge.
Exit Type: The user can choose between Precision Exit and Confirmed Exit.
You can also try to change the Exit Signals, you can change between using Precision Exit and Confirmed Exit (Confirmed Exit is Default). When the confirmed exit is selected, an optimized value is chosen automatically.
Try to enable the Precisions Exit and see how the backtest looks now. Use the Precision Sensitivity to adjust how sensitivity Arcturus should be to volatility.
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